Milwaukee Condo & Real Estate Scene

JSOnline: Developer plans Riverwest homes - 23 single-family houses proposed

Have you noticed that downtown condos appear to be getting bigger and fancier? If you are a young professional who works downtown and wants to live downtown, you will find yourself becoming discouraged by the amount of options available to you. It appears that most people feel they are getting priced out of this market.

But, don't you fear. There are some developers who feel that bigger is not always better.

General Capital Group, a local development firm has plans to revive the Riverwest neighborhood by building new homes (not condos), duplexes, and smaller homes called "cottages" which will appeal to young professionals and "empty-nesters" alike.

This new "subdivision" is located on East Concordia Avenue, between Bremen and Weil Streets.

General Capital Group is expecting to have a model home constructed by spring 2008.


The Proposal
Sixteen houses will feature 3-4 bedrooms (between 1,700 and 2,000 square feet). Estimated price: $250,000

Four units within the two planned duplexes will each feature 2-3 bedrooms. Estimated price: $200,000 for each unit.

Cottages will feature 2 bedrooms (around 1,000 square feet). Estimated price: $200,000

General Capital has also included green space for the subdivision which is something that many Riverwest residents were seeking.

Tom Daykin, writer for the Milwaukee Journal Sentinel, describes this planned community within Milwaukee's Riverwest neighborhood. Click here to read his entire article>>>


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Labels: Real Estate

posted by David Ray @ 6:13 PM